Are you and your retirement funds ready for the next recession? How to manage your money based on U.S. economic prospectsHere’s how you can take advantage of today’s good economy to prepare for the inevitable bad economy.

Did Powell & Co. trigger the emerging-market carnage? A look at what’s going on in Turkey, Argentina and elsewhere Powell, IMF anticipated emerging-markets inflows would slowLast year, then Fed Governor Powell acknowledged there would be outflows from emerging markets as the Fed lifted interest rates. Did he imagine this?

Dollar slips, offers respite to emerging-market currencies including Turkey’s lira The Turkish lira is down some 40% against the dollar, so far in 2018The U.S. dollar gives back Monday’s gains and slipps, giving its main rival the euro reason to edge higher and letting the British pound take a breather.

Gold—even at its lowest levels in 2018—is behaving just as prescribed Inverse relationship to stocks has been tested but not broken, say analystsGold’s sharp decline over the past month serves as little surprise to the investors who want the asset to perform in just this fashion—that is, as an alternative to assets perceived as risky like stocks.

The new housing play: helping priced-out renters become long-distance landlords Like many money-making ideas in real estate, this one comes with rosy assumptions — but are they justified? A new crop of real estate investing companies is enabling individual investors to buy and rent out houses online, sometimes from thousands of miles away, in many cases never having visited the neighborhood or seen the home or tenant.

Veteran against veteran: A new battle on Capitol Hill pits Agent Orange funding against low-cost mortgages Is Congress passing the buck on paying for years of underfunding by over-charging younger service members? Some Vietnam vets have fought for years for benefits for exposure to Agent Orange, but face skepticism over the reality of their illness from the VA, and some discomfort from others in Washington over the prospect of paying for it by hiking the fees on VA mortgages being taken out now.

Here’s why there may be more pain in store for Turkey’s lira Inflation data could spark further weakness: analystIt’s been a rough week for Turkey’s lira amid souring relations between Ankara and Washington. But there may be more pain in store Friday when Turkish inflation data is due.

Chicken Little and the flattening U.S. yield curve The shape of the yield curve tends to have a predictive power for recessions, but it’s sometimes early by more than a yearThe shape of the yield curve tends to have a predictive power for recessions, but it’s sometimes early by more than a year.

Worker pay and benefits climbing at fastest pace in 10 years, ECI finds Cost of labor rose at a 2.8% yearly rate as firms boost benefitsAmerican workers are finally reaping the benefits of the lowest unemployment rate and best jobs market in decades: Wages and benefits are rising at the fastest pace in a decade.

10-year U.S. government bond yield hits six-week high as investors turn attention to GDP Juncker and Trump appeared to break the impasse in trade negotiations, relieving tensionsU.S. government bond rates advanced Thursday as fixed-income investors looked ahead to a second-quarter GDP reading that could put pressure on the Federal Reserve to stay on track with its current pace of rate hikes.

Stocks end day and week mostly flat as Trump stokes fresh worry on trade, monetary policy U.S. equity benchmarks on track for third straight weekly advanceU.S. stocks finish Friday’s trade pretty much where they started the session and the week as losses in consumer-discretionary and energy sectors offset a rise in staples and financials.

Trump says China, EU 'have been manipulating their currencies and interest rates lower' in a tweetPresident Donald Trump on Friday appeared to double down on remarks he made during a CNBC interview on Thursday by accusing the European Union and China of manipulating their currencies and interest rates. in the morning Trump said "China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge. As usual, not a level playing field..." The president's comments came a day after he criticized the Federal Reserve for hiking rates, which he described as undercutting his recent rounds of fiscal stimulus, including corporate tax cuts late last year. On Thursday, Trump he is not "thrilled" that the Fed is hiking interest rates. "Because we go up and every time you go up they want to raise rates again. I don't really - I am not happy about it. But at the same time, I'm letting them do what they feel is best." He added, "but I don't like all of this work that goes into doing what we're doing." The dollar, as measured by the ICE U.S. Dollar Index slumped after Trump's Friday tweet. Meanwhile, futures for the Dow Jones Industrial Average and the S&P 500 index held on to losses.

Treasury yields fall as Trump says he’s not happy with Fed’s rate-tightening policy Treasurys on Thursday afternoon draw bids, pushing debt prices up and yields down, after President Donald Trump said he wasn’t pleased that the Federal Reserve was raising rates, eroding the effects of fiscal stimulus by his administration.

Gold pares losses, but still ends at 1-year low, in correction territory Yellow metal down 10% from Jan. highs; silver logs lowest finish since late 2016Gold prices erase much of their earlier losses on Thursday, but still finish at a one-year low, as President Donald Trump voiced his disagreement with the Federal Reserve’s plan for gradual raise interest rates, prompting a decline in the benchmark dollar index.

Dollar index turns negative after Trump say's he's not 'thrilled' with Feds' rate hikesThe U.S. dollar turned negative versus its main rivals on Thursday after President Donald Trump said he disagreed with the Federal Reserve's strategy to gradually hike interest rates. Trump told CNBC during an interview on Thursday that . An excerpt of the the interview, which is slated to air early Friday, was released midday Thursday. "Because we go up and every time you go up they want to raise rates again. I don't really - I am not happy about it," Trump said. The Federal Reserve has so far raised interest rates seven times since the end of 2015, with up to two more rate hikes expected in 2018. The monetary tightening guided both the dollar, as well as U.S. Treasury yields higher. Trump's comments are uncomfortable to investors as it called the Fed's independence from the government into question. Trump himself had nominated current Fed Chairman Jerome Powell, who took office earlier this year. The ICE U.S. Dollar Index , which had been up 0.5% at its peak on Thursday, retraced its path in response to the news and was last down 0.1% at 94.975.

Trump tells CNBC he isn't 'thrilled' with Fed interest-rate hikesPresident Donald Trump told CNBC he is not "thrilled" that the Federal Reserve is hiking interest rates, . "Because we go up and every time you go up they want to raise rates again. I don't really - I am not happy about it. But at the same time I'm letting them do what they feel is best." He added, "but I don't like all of this work that goes into doing what we're doing."

European stocks end off 1-month high as miners slide U.K.’s FTSE 100 bucks negative trend after weak retail dataEuropean stock markets finish lower Thursday, pulling back from a one-month high as mining stocks track a selloff in the metal prices, and the latest round of earnings reports rolled out.

Pimco says Fed would signal pause to rate hikes to avoid ‘lasting’ yield curve inversion Joachim Fels of Pimco says the yield curve will become part of the Fed’s ‘reaction function’ once it invertsThe investing gurus at Pimco are expecting the Federal Reserve to pause its rate hike cycle in order to avoid a lasting inversion of the yield curve

Amazon says U.S. Prime Day sales reach records despite early outage Amazon devices among the best sellers in the first 10 hours, the company saysAmazon said the shopping continued for Prime Day in the U.S. after an early issue was resolved.

Valeant gets a new name to shed its scandals, but will it work? Valeant will go by Bausch Health Companies, marking the company’s second name change since 2010The change, to Bausch Health Companies, will be its second scandal-inspired name change in less than 10 years.

J. M. Smucker hikes dividend by 9%J. M. Smucker Co. said late Friday it was hiking its dividend by 9%. The company said its board approved a quarterly dividend increase to 85 cents a share from 78 cents a share, to be paid Sept. 4 to shareholders of record as of Aug. 17. Shares of Smuckers rose 0.4% after hours, following a 1.2% rise to close at $111.06 in the regular session.

European stocks rebound to end firmly higher, a day after trade-driven selloffEuropean stock markets finish solidly higher Thursday, recovering a portion of the losses accumulated after the prior day’s selloff that came amid heightened concerns of a global trade war.

Fed increasingly worried about spillovers from trade but showed no sign of pausing rate hikes Rates could be at ‘neutral’ sometime in 2019Fed officials were increasingly worried about trade war but wanted to continually gradually hiking interest rates, according to minutes of the June meeting released Thursday.

Dow shakes off trade-war angst to end 180 points higher after Fed minutes, ahead of jobs reportU.S. stocks finished Thursday's trade solidly higher--a day after the Fourth of July break--as investors appeared to dismiss worries about an impending deadline on trade between the U.S. and China, and the release of minutes from the Federal Reserve that acknowledged the potential for tariff disputes to harm domestic economic expansion. The Dow Jones Industrial Average closed up about 180 points, or 0.8%, at 24,356(on a preliminary basis), the S&P 500 index rose by 0.9% at 2,737, powered by gains in technology , health-care , and consumer-staples shares of at least 1%. Meanwhile, the Nasdaq Composite Index finished up about 1.1% at 7,586. An account of the June meeting from the policy-setting Federal Open Market Committee's two-day convention ended June 13 pointed to unease over trade clashes that could hold back economic growth but not sufficiently to prevent the Fed from hiking benchmark interest rates. The central bank raised rates by a quarter of a percentage point last month to a range between 1.75% and 2% and indicated that a further two rate increases were in the cards for 2018. Meanwhile, the U.S. is scheduled to impose tariffs on $34 billion of Chinese imports Friday, and China is expected to counter with corresponding tariffs on U.S. imports in less than 24 hours, marking a mounting tit-for-tat conflict between the world's largest economies that has threatened to rattle global markets. Equity and commodity exchanges in the U.S. were closed in observance of Independence Day on Wednesday. Looking ahead, investors will await a key report on jobs on Friday that could influence investor sentiment. The day's action began on a high note on reports that suggested the U.S. was softening its stance against the European Union, with an offer of a "zero solution" to car tariffs. In corporate news, shares of Qorvo Inc. were the best performer S&P 500, up about 5.7%, while CF Industries Holdings Inc. posted the steepest decline, off 2.7%.

How to make the best of all that credit-card junk mail and this canned rosé comes with its own hashtag Thursday's top personal finance stories Thursday's top personal finance stories Thursday's top personal finance stories

Fed minutes preview: Central bank likely ignoring calls to slow interest-rate hikes Fed minutes likely to show majority backs steady tighteningThe minutes of the Fed’s June meeting will likely show that suggestions that the Fed should pause its plan to keep raising interest rates did not get much love.

Banks hike dividends, buybacks after Fed stress testSeveral banks announced plans to return capital to shareholders late Thursday after the Federal Reserve released results of its annual stress test. J.P. Morgan Chase & Co. said it will increase its quarterly dividend to 80 cents a share from 56 cents a share and buy back up to $20.7 billion in stock. American Express Co. will hike its quarterly dividend 11% to 39 cents a share and buy back up to $3.4 billion in shares. Citigroup Inc. said it will increase its quarterly dividend to 45 cents a share from 32 cents a share and buy back up to $17.6 billion in shares. Wells Fargo & Co. said it will increase its quarterly dividend to 43 cents from 39 cents a share and buy back up to $24.5 billion in stock. Bank of America Corp. said it will increase its quarterly dividend by 25% to 15 cents a share and buy back up to $20.6 billion in shares. Fifth Third Bancorp increased its quarterly dividend to 22 cents a share from 18 cents a share, and said it would buy back up to $1.65 billion in shares. Regions Financial Corp. is hiking its quarterly dividend to 14 cents a share and buy back up to $2.03 billion in shares. Huntington Bancshares Inc. will hike its quarterly dividend 25% to 14 cents a share and announced up to $1.07 billion in buybacks. Capital One Financial Corp. will keep its quarterly dividend at 40 cents a share and buy back up to $1.2 billion in shares. KeyCorp hiked its quarterly dividend 42% to 17 cents a share and announced up to $1.23 billion in buybacks. State Street Corp. will raise its quarterly dividend to 47 cents from 42 cents a share and buy back up to $1.2 billion in stock. PNC Financial Services Group Inc. said it will hike its quarterly dividend by 27% to 95 cents a share and buy back up to $2 billion in stock. The Fed of the U.S. arm of Deutsche Bank and limited the capital plans of Goldman Sachs Group Inc. and Morgan Stanley . Morgan Stanley said it will hike its quarterly dividend to 30 cents from 25 cents a share and buy back up to $4.7 billion in stock. Goldman Sachs said it was raising its quarterly dividend to 85 cents from 80 cents a share and announced a $5 billion stock buyback plan.

Fed should not raise interest rates just because second-quarter GDP growth may surge: Bullard Dovish St. Louis Fed President says benchmark interest rate can stay where it is for nowThe likely strong growth rate in the second quarter is temporary and not a reason for the Federal Reserve to push interest rates higher, says St. Louis Fed President James Bullard.

The German 10-year bond yield will slide back toward zero, says economist The last time the German 10-year yield stood at zero was back in October 2016Carl Weinberg of High Frequency Economics says the German 10-year government bond yield will fall to zero

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